Tom Friedman has a great op-ed in the NY Times regarding the auto bailout. He raises a good point which I believe can apply to entrepreneurship…
As I think about our bailing out Detroit, I can’t help but reflect on what, in my view, is the most important rule of business in today’s integrated and digitized global market, where knowledge and innovation tools are so widely distributed. It’s this: Whatever can be done, will be done. The only question is will it be done by you or to you. Just don’t think it won’t be done. If you have an idea in Detroit or Tennessee, promise me that you’ll pursue it, because someone in Denmark or Tel Aviv will do so a second later.
As the current auto industry, and it’s failure to adapt to a changing consumer, represents “Car 1.0” – why should we sink our taxpayer dollars into saving it? When we instead could be investing in the next generation of clean tech?
This shows real exrietesp. Thanks for the answer.